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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 09, 2007
Page
16
Wall Street closed a largely muted session with slight losses as investors booked gains from last week. The Dow slipped 22.28 points to 14,043.73 while the S&P 500 fell 5.01 to 1,552.58 and the Nasdaq rose 7.05 to 2,787.37 amid Columbus Day holiday trading.
Alcoa's Davenport Works will provide over a million pounds of aluminum armor plates monthly for the Army MRAP program. Deliveries go to the Rock Island Arsenal in Rock Island Illinois under a contract announced Monday.
John Deere Dubuque Works will lay off 45 employees effective October 22 due to weak market conditions. General manager John May says production workers with the least seniority are affected. The Telegraph-Herald notes a dip in equipment sales tied to home construction.
Meredith Corp. licensed its Better Homes and Gardens name to Realogy Corp., owner of Century 21, Coldwell Banker and ERA, to create a new residential real estate franchise system. Des Moines based Meredith will earn royalties from Realogy based on sales of Better Homes and Gardens Real Estate and Realogy will advertise in Meredith publications and market subscriptions through the brand.
A random survey records gas prices in the Corridor as of yesterday afternoon. Prices are rounded up to the nearest cent, reflecting small fluctuations across stations.
Cedar Rapids organizers plan Sustainable Living Renewable Resources and the Future a three day conference in the New Bohemia District October 26 to 28. The grass roots effort seeks community based solutions across agriculture energy and the built environment with speakers from Iowa and a few from Minnesota.
Janet Borholm reports on Tom Miller and Sue Warner who bought Schumacher Carpets in Cedar Rapids in 2005 and found long hours and limited time to work on the business. They joined ActionCOACH Cedar Rapids for coaching and 90 day goal planning to set measurable quarterly targets.
Financial markets rallied with the Dow punching above 14000 on July 19 and again on October 1. Morningstar and Lipper data point to roughly 62 percent of U S stock funds earning, with about one in five beating 5 percent in the third quarter.
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